It may be a bit premature to be keeping track of the up days versus down days this year, but since Tuesday had seasonality in its favor, it is noteworthy….
Read More
The math is simple. When the top four components of the S&P500 index, all mega-cap technology companies, are down between 0.92-3.1%, the index is doomed for the session. To make…
The Santa Claus rally was derailed after just one day as the S&P 500 index was unable to overcome the carnage in the mega-cap technology sector. The top four components…
The first day of the Santa Claus Rally did not disappoint. There were moments in both the premarket trading and regular sessions when a green close was in doubt. However,…
The combination of a few poor earnings reports (Micron Tech and Karmax) had the S&P 500 index under major selling pressure. The retreat in premarket trading off a double top…
After barely ending a four-day losing streak on Tuesday, the S&P 500 index needed a catalyst(s) to keep the rally going. It was provided by investors’ reaction to FedEx’s mixed…
A hawkish move by the Bank Of Japan coupled with an earthquake in California propelled the S&P 500 index to its lowest level since early November in premarket trading. However,…
When your catalyst for the rally in premarket trading ceases to be a catalyst, then look out on the downside. Although it may be subtle, Elon Musk’s Twitter poll over…
The rally to end Thursday’s session faded and faded hard. The S&P 500 stock index futures spent very little time in the green at the onset of premarket trading. Also,…
Over the last 26 trading sessions, the S&P 500 index futures have been in a trading range from 3945.75 (last week’s low) to 4180 (Tuesday’s high). Most of the trading…
